Skye Bank completes integration with Mainstreet system

Timothy, CEO Skye Bank Plc

Timothy, CEO Skye Bank Plc

Skye Bank

Skye Bank

SKYE Bank Plc has announced the successful conclusion of its integration process with Mainstreet Bank Limited, which it acquired late last year in line with its long-term vision of playing a leadership role in Nigeria’s financial services industry.

The bank said in a statement that six months after it took over Mainstreet Bank, it seamlessly achieved the harmonisation and integration of their processes, procedures, structures, operations, human capital and all the other scheduled tasks.

The statement quoted the Group Managing Director/Chief Executive Officer of the bank, Timothy Oguntayo, as promising in a letter he addressed to the customers, that the bank was set to unleash the full potentials of the combined strengths of the two institutions for better customer service, customer experience and value creation for all its stakeholders.

“We are committed to pushing the frontiers of technology and innovation to enhance stakeholder value at optimized cost, and offer delightful customer experience. We will therefore continue to make the required investments in people, process and technology to meet this commitment”, he reassured customers of the bank.

Oguntayo disclosed that Skye Bank’s total branch network stood at 469 while its Automated Teller Machine (ATM) network has increased to 815 across the country, with an asset base of N1.5 trillion.

The implications of these for the customers, he said include better access to the bank’s service channels, cutting edge technology, and stronger balance sheet to support their businesses.

The Skye Bank boss said In line with the bank’s growth strategy, and preparatory to the acquisition, the Bank had made enormous investments in both its human capital and information technology, two critical assets that define organsational success, noting that their new banking software, Oracle Flexcube 12.0, with its multi – functional capabilities, is one of the best and most recent inventions.

“We made these strategic investments to ensure continuous excellent service experience for you”, he added.

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